AlfaFrens Cheat sheet!
Become an AlfaFrens Pro!
Hello ILL readers, today I have tried to create a cheatsheet for AlfaFrens. I have included every detail which you need to know to start your journey on AlfaFrens and I can gurantee that after completing this post, you’ll know more than 99% of AlfaFrens users out there.
It is the most comprehensive guide on AlfaFrens you can ever find on the internet!
I have created some formulas to find out the highest rewarding channels in AlfaFrens, so that you can make the most out of the platform and use it like a Chad.
I have not included the thinfs which are already mentioned in the official documentation. But I have made sure to include everything you need to know before starting to use it!
I hope it helps!
Content:
What looks like is happening.
What is actually happening?
Things you need to know.
AlfaFrens is built on Base and all the transactions happens in $DEGENx on the platform.
$DEGENx is the wrapped form of $DEGEN. When you transfer your $DEGEN to the Alfafrens wallet, it automatically converts your DEGEN into wrapped DEGEN or DEGENx in 1:1 ratio.Project is built on BASE blockchain and is powered by Superfluid.
Important Links:
App: alfafrens.com
Warpcast: warpcast.com/alfafrensTwitter: twitter.com/alfafrens_
I’ll reccommend you to start your journey on AlfaFrens with a minimum of 2000 $DEGEN
The only option to join AlfaFrens right now is through an invite.
If you want an invite code, you can ask me or any other fellow member in our discussion group on telegram “Ivaavi’s Lambo Chat” and get it.AlfaFrens has a native token “ALFA” which is not tradeable in any market rn but is used on the platform for staking purposes.
You have to pay in some DEGENx/month to subscribe to a particular channel.
The subscription amount isn't deducted all at once; instead, it operates on a per-second basis. You only pay for the duration you're subscribed to a channel, down to the second.
This payment method allows you to subscribe to multiple channels even if you don’t have much funds.Subscription cost varies between 500 degen/month, 1000 degen/month and 1500 degen/month, set by the channel founder.
You receive ALFA every second while you are subscribed to channels.
Channels with high subscription cost reward you with high ALFA in return.
You need to stake your ALFA to creators, in order to earn cashback rewards in degenx. 70% of the total earned DEGENx is distributed among all the stakers and 25% to the channel creator.
ALFA needs to be claimed first in order to stake it.
You can stake your ALFA on any creator without even subscribing to their channel.
You can un-stake your ALFA anytime, but after un-staking, you won’t be able to stake or claim any ALFA for 24 hrs.
In the 24hr cooldown period, you won’t be able to claim the ALFA but it will keep accumulating.
You can start your own channel to earn $degen as a subscription payment.
Once you spend all the degen in your wallet, you automatically get unsubscribed from the channels.
ALFA you have earned will always stay with you!
All the earned DEGENx from staking cashback and your channel susbcriptios reflects in real-time in your balance.
You receive an invite code every 24 hrs.
You earn reward points by inviting new users.
If you want to read the official documents. Here is the link.
Vijay is the founder of AlfaFrens. Here is the link to his farcaster account.
The ALFA-DEGENx Cycle.
As per the AlfaFrens documentation, to earn ALFA, you need to subscribe to a channel by paying a subscription cost in DEGENx.
Each channel rewards you with a specific number of ALFA per month in exchange for the DEGENx you pay as a subscription cost. DEGENx is deducted on a per-second basis, and you also earn ALFA on a per-second basis.
The straight forward process which AlfaFrens have created looks like below:
Pay DEGENx to Subscribe → Earn ALFA in return → Stake ALFA to channels → Earn DEGENx in return
By looking at the cycle it seems dumb to do all this stuff just to get back the same degen you spent in step 1.
But that’s not the case. It is very carefully designed to look like this. But at the back, things are not working in that way!
Nothing is hidden, everything is written in the documentation, but tbh, it is not very clear for the readers. Alteast not while reading it for the first time.
To understand it in detail, read this X post I shared last week.
What actually happening is that channel stakers are earning 70% of the total income generated by the channel as a cashback reward. This income is being generated by the channel subscribers and going directly to the stakers (70% to stakers and 30% to creators).
And the ALFA you are earning by subscribing to a channel comes from the pool of ALFA staked by the Stakers.
Here is an image depicting the scneario of what is actually happening:
Now you can clearly see the whole unwrapped picture of how the ALFA-DEGENx cycle is working.
I’ve also found this pretty interesting line in the official docs, saying “The more staked on a creator, the more ALFA issued to subscribers.”
This means there is a direct relation between ALFA you are getting and DEGENx you are paying! The subscribers are getting the ALFA from the pool of staked ALFA as discussed earlier.
Let’s try to come up with some equations to find out the channels with higher cashbacks and higher returns.
For Higher DEGENx Cashbacks:
Cashback is directly coming from the subscriber’s subscription cost and is getting distributed among stakers,
Just for the sake of Mathematics, let’s assume that 100% of the subscription income is being distributed among the subscribers. Hence, we can create an equation (Equation 1):
(No. of Subs * Subs cost in DEGENx)/ (No. of Stakers) = Amount of Cashbacks
Using this knowledge, we can create a case that the channels with high subscription costs, a large number of subscribers, but a lower no. of stakers, rewards you with higher cashback while staking.
For Higher ALFA rewards:
As mentioned in the docs, the more staked on a creator, the more ALFA issued to subscribers. We don’t know the total supply of ALFA, so it is basically infinite for us rn.
Using this relation, we can create the equation 2:
Amount of ALFA Staked / No. of Subs = Amount of ALFA rewards
Using this equation, we can conclude that the channels with high ALFA staked but less no. of subscribers will provide more ALFA rewards while subscribing.
An Experiment and a Hack:
A hack nobody will ever tell you is that you should never un-stake your ALFA from a channel. Why? Let’s discuss it with an experiment I performed!
I staked the same amount of ALFA from two different accounts into one channel. Before staking, the channel showed the same cashback reward to both accounts—let's say 2000 degenx cashback for staking 50 ALFA. Once I staked the 50 ALFA in that channel, the cashback rewards immediately started to show 1800 for my second AlfaFrens account, which was less than before. This indicates that cashback rewards get diluted as the number of stakers increases in a channel. Our formulas discussed above confirm this result theoretically.
Suppose a channel offers high degenx cashback rewards, which will attract more stakers and dilute the rewards—simple math. Soon, people will notice this decrease and start to unstake. As more people unstake, the number of stakers will decrease, resulting in a surge in cashback rewards, attracting more stakers, and the cycle continues.
So, the hack is to never fall in this endless loop and keep your ALFA staked in a channel forever and ensure a steady flow of ALFA from subscribing to a few channels. Regardless of how many times you unstake and stake your ALFA in different channels for the highest cashback, the rewards will eventually decrease, causing a drop in stakers and an increase in cashback rewards for remaining and new stakers.
This hack saves you from the 24-hour cooldown period when you miss potential earnings from the unstaked ALFA and the gas fees for every transaction.
NOTE: One thing to keep in mind is that if you have staked in a channel and the subscriber count falls to zero, you will not be earning any cashback from that channel and the only viable option is to unstake!
Starting your own channel:
You can start your own channel and earn 30% of the total DEGENx earned by the channel as the subscription income.
The purpose behind this is to share any Alpha secretly only with your channel’s subscribers.
Subscribers can send messages in the channels but only the channel owner can see the messages sent by the subscribers. It is like subscribers are sending a dm to the channel owner, but whatever the owner sends in the chat goes like a broadcasting message to everyone.
An example of how the chat looks like from a subscriber’s POV:
An example of how the chat looks like from a creator’s POV:
Strategy to make the most out of AlfaFrens!
Step 1: Subscribing
Start subscribing to the highest ALFA reward paying channels. , if you started with 2000 degen then maybe subscribe to top 8 or 10 channels.
The top channels in the Top Stake section are the highest ALFA paying Channels as they have the highest no. of ALFA staked!
Step 2: Claiming & Staking
Every day, claim your ALFA and stake them in the channels which are providing high cashback in DEGENx. Put all the claimed ALFA in a single channel at a time, to save on gas fees.
Balance you're staking by dividing it into different ranked channels.
For example:
On Day 1: Claim your ALFA and stake all of it in one of the top 10 High Staked channels. Select the one with the highest degenx cashback.
On Day 2: Claim all your ALFA and put all of it in comparatively smaller creators ranked between 10-30 in the Top Staked section. Again, choose the one with the highest degenx cashback reward.
On Day 3: Claim all your ALFA and put all of it in fresh smaller accounts with really high cashback rewards.
You can find them in the “High Cashback” Section.
On Day 4: Again put some alfa in high ranked channels and repeat the whole process.
NOTE: Gas fees is lowest in between 10AM to 2PM IST
You can balance this in a way that after a few days, you have staked ~50% of the total ALFA in top 10 channels, ~40% in Top 10-30 channels and 10% in Fresh channels.
You'll notice that as you stake more and more ALFA in different channels, your DEGENx spending speed will also start to decrease because the cashback and DEGENx earnings from your channel effectively offsets it in real-time.
Step 3: Unsubscribing:
When your $DEGENx balance falls below 1k, begin unsubscribing from channels, starting with the one offering the lowest ALFA rewards.
In the 'Your Subscriptions' section on the homepage, channels are listed in descending order of ALFA rewards.
When your balance reaches 500 DEGEN, you should have unsubscribed from at least 4 out of 10 channels.
Step 4: Starting a Channel (Optional)
By starting a channel, your channel income will also contribute to your total Est. Monthly income. So, it is always a great option to start a channel of your own and provide value to your subscribers.
This step is totally optional as it requires more effort to bring subscribers to your channel. You’ll have to provide some value in order to bring subscribers.
Step 5: Earning
By now, your DEGENx should begin to increase instead of decrease.
This indicates that you've successfully started earning more than you're spending.
If, for any reason, your DEGENx value isn't increasing, wait for a day, claim and stake your ALFA, and consider unsubscribing from 1 or 2 additional channels.
Our main goal is to earn more than we are spending. But to start earning we have to spend more than we are earning at the early stages. Below is a spending and Earning curve of AlfaFrens which I have prepared for you to better understand it visually.
NOTE: Don’t unsubscribe to all the channels to keep the ALFA rewards flowing and stay in the game! As the user base increases, the cashback reward will get lower and we will need more ALFA to keep the balance maintained.
My personal Stats
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